Approximately $23 billion worth of Bitcoin options contracts will expire next Friday, resulting in a noticeable increase in market volatility. This amount accounts for more than half of all open positions on the Deribit platform and could further amplify the already high price fluctuations; the 30-day implied volatility has risen to around 45%, and the options skew is approximately -5%, indicating that the market is still predominantly pricing in downside risks. In the short term, call options are primarily concentrated at strike prices of 100,000 $ and 120,000 $ , but there is an accumulated open position of about $1.4 billion in put options around 85,000 $ , which could create a price "magnet" before expiration.
Michael Saylor's Ultimate Goal for Accumulating $1 Trillion Worth of Bitcoin for the Treasury
Regarding concerns that companies are excluding individual investors, Saylor rejected this notion. He noted that since companies like Strategy and BlackRock started acquiring Bitcoin, individuals have gained $1.8 trillion in asset value.$BTC
$BTC Michael Saylor has published another Bitcoin Tracker update; he may disclose savings data next week. The founder and chairman of the board of Strategy (formerly known as MicroStrategy), Michael Saylor, once again shared Bitcoin Tracker information on the X platform. Looking at past practices, Strategy generally reveals savings data for Bitcoin the day after releasing Bitcoin Tracker information.
Bitwise consultant Jeff Park published an article stating that the current market structure is fundamentally not conducive to a significant price increase in Bitcoin. The reason for this is that on one hand, Bitcoin OG holders continue to sell, while on the other hand, demand from ETFs and DATS is simultaneously slowing down. For Bitcoin to recover from this situation, it needs to continuously return to significantly higher implied volatility levels, particularly upward volatility.
Yesterday, the US Bitcoin spot ETF had a net inflow of 49.10 million dollars, while the Ethereum spot ETF experienced a net outflow of 19.40 million dollars. Discover more important information about SoSoValue: $BTC $ETH